AsianOil: China surpasses Japan in LNG imports in January-February
China imported more LNG than Asia’s other top market for the fuel, Japan, in the first two months of 2024, in a reversal from the situation in the same period last year, state data published this week showed.
Chinese LNG imports came to 13.2mn tonnes in January-February, marking a 19.3% increase year on year. The country also saw imports via pipeline surge by 30.7% to 8.9mn tonnes. Japan, on the other hand, imported 12.1mn tonnes in the two-month period, down 8% y/y.
China imported 71.32mn tonnes of LNG in 2023, versus 63.44mn tonnes in 2022, when gas consumption slumped as a result of very high spot prices and COVID-19 lockdowns. Japan’s imports came to 66.2mn tonnes, down 8% y/y.
If you’d like to read more about the key events shaping Asia’s oil and gas sector then please click here for NewsBase’s AsianOil Monitor.
Follow us online